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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- Coming back after Canada Day, BAX futures implied yields have seen further inversion through 2023, with front contracts little changed ahead of the PMI and BoC surveys (BAZ2 -2bps from Thu close) but softening more notably further (BAZ3 -8bps).
- The move largely replicates growth fears seen elsewhere, with growing inversion through 2023 as 25bps of cuts are priced (BAZ2/BAZ3) although that lags 75bps inversion in the Eurodollars equivalent.
- That shift has driven late 2023/early 2024 yields back to levels seen after the last BoC on Jun 1, some 50bps lower than after the Jun 15 FOMC.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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